Word: venezuela
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Dates: during 2000-2009
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First he's out, then he's back. On Friday it seemed as if Venezuela's President, Hugo Chavez, 47, had been ousted in a coup. Following a series of escalating strikes, army leaders forced Chavez to resign early Friday morning. By Sunday morning Chavez had been freed by his captors and said he was back in power...
What is clear is the mess in Caracas is going to exacerbate the volatility in oil prices already set in motion by unrest in the Middle East. In the short term, it may even lead to a spike. Venezuela, the third largest exporter of oil to the U.S., emerged under Chavez as an oil hard-liner. The left-wing former paratrooper cozied up to radical petroleum producers like Iraq and Libya. He also criticized U.S. military action in Afghanistan and pushed for higher prices in the Organization of Petroleum Exporting Countries. To further that strategy, Chavez had cut back Venezuelan...
...prices fell six percent the Friday before last on the news that Hugo Chávez, the outspoken and charismatic leader of Venezuela, had been deposed in a military coup. However, political instability in the world’s fourth-largest oil producer might be expected to decrease the flow of oil and cause prices to rise. Indeed, politically motivated strikes have hurt oil production in Venezuela, South America’s only member of the Organization of Petroleum Exporting Countries (OPEC) in the past few months. One of the major factors in Chávez?...
...VENEZUELA Back Again His ejection lasted only 48 hours, and last week Hugo Chávez was back in the presidential palace in Caracas. After resigning under pressure from the military in the face of violent demonstrations a week before, an apparently chastened Chávez pledged to change his policies and his demeanor. The new Chávez, however, seemed a lot like the old, blaming political foes and the media for his troubles...
...high command took Ch?vez into custody and pressured him to resign. He refused, but the generals told the media he had stepped down. Washington chose to believe it. In a press conference the next day, White House spokesman Ari Fleischer acknowledged the transition government headed by Carmona, president of Venezuela?s largest business association...